Fed signals caution on rate hikes, worried by global growth: minutes

From reuters.com

The Federal Reserve appears unlikely to raise interest rates before June amid widespread concern at the U.S. central bank over its limited ability to counter the blow of a global economic slowdown, minutes from the Fed's March 15-16 policy meeting suggest. The minutes released on Wednesday showed policymakers debated whether they might hike rates in April but "a number" of them argued headwinds to growth would probably persist, with many arguing they should be cautious about raising rates. "Participants generally saw global economic and financial developments as continuing to pose risks," according to the ... (full story)